All India Financial Institutions: List of AIFIs (2024)

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All India Financial Institutions: List of AIFIs (1)

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All India Financial Institutions are a group of regulatory bodies which help in regulating the economy. The purpose of these special bodies is to cater the needs of specific segments of the economy. There are 5 All India Financial Institutions.

List of AIFIs

  1. EXIM Bank
  2. NABARD
  3. SIDBI
  4. NHB
  5. NabFID

The above five AIFIs were developed for different reason. Lets understand them one by one.

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EXIM Bank:

  • It is established in 1982 under Export-Import Bank of India Act 1981.
  • It is the premier export finance institution of India.
  • It was previously a branch of IDBI, later made an independent body.
  • It is wholly owned by Government of India.
  • It was set up for the purpose of financing, facilitating and promoting foreign trade in India.
  • It is one of the five All India Financial institution which is regulated by RBI.
  • EXIM Bank headquarters lies in Mumbai.
  • EXIM Bank MD: Harsha Bangari

NABARD

  • NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
  • It was set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17,080 crore as on 31 March 2022.
  • It wholly owned by Government of India.
  • NABARD MD :Shaji KV

To read more about NABARD:

  • NABARD Subsidiaries
  • NABARD Schemes

SIDBI

  • Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under act of parliament.
  • It acts as the principal financial institution for financing of MSMEs.
  • SIDBI headquarters: Lucknow
  • SIDBI Chairman: Sivasubramanian Ramann
  • To read in detail about SDIBI click here

NHB

  • National Housing Bank works for development of Housing loans sector of the economy.
  • The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing.
  • In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.
  • Reserve Bank of India initially contributed the entire paid-up capital. However, in terms of the amendment made to the NHB Act, 1987 in 2019, shares stand transferred from Reserve Bank of India to Government of India. The entire capital of NHB is now contributed by the Government of India.

NabFID

  • NaBFID is a development financial institution for infrastructure financing.
  • This is special financial institution for long term financing. NaBFID was announced in the Budget 2021.
  • It was established under the National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021.
  • NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934.
  • NaBFID is the newest AIFI after EXIM Bank, NABARD, NHB and SIDBI.

To read more about NaBFID. click here

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All India Financial Institutions: List of AIFIs (2)All India Financial Institutions: List of AIFIs (3)

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FAQs

How many AIFIs are there in India? ›

All India Financial Institutions are a group of regulatory bodies which help in regulating the economy. The purpose of these special bodies is to cater the needs of specific segments of the economy. There are 5 All India Financial Institutions.

Continue Reading ›
How many financial institutions are there in India? ›

Ans: There are a total of 91 commercial banks operating in India. Out of these, 20 Public Sector Banks in India including SBI, and 19 nationalized banks.

View Details ›
What are the financial institutions in the Indian financial system? ›

Financial institutions are the intermediaries who facilitate smooth functioning of the financial system by making investors and borrowers meet. They mobilize savings of the surplus units and allocate them in productive activities promising a better rate of return.

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Which is the oldest all India financial institution? ›

The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta.

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How many all India financial institutions are regulated by the RBI now? ›

Out of 17 AIFIs, the Reserve Bank regulates and supervises only nine.

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What is Tier 1 capital? ›

Tier 1 capital represents the core equity assets of a bank or financial institution. It is largely composed of disclosed reserves (also known as retained earnings) and common stock. It can also include noncumulative, nonredeemable preferred stock.

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Which is the biggest financial institution in India? ›

The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation. 2. What is a bank's market capitalisation, and why is it important? A bank's market capitalisation is the total value of all its shares of stock.

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How many financial systems are there in India? ›

The Indian financial system is broadly classified into two broad groups: i) Organised sector and (ii) unorganised sector. "The financial system is also divided into users of financial services and providers. Financial institutions sell their services to households, businesses and government.

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How many non banking financial institutions are there in India? ›

As of financial year 2023, 9480 NBFCs belonged to the non-deposit taking category (NBFC-NDs), based on liabilities. Systemically important non-deposit taking NBFCs (NBFC-ND-SI) are large NBFC-NDs with assets of more than five billion Indian rupees.

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What are the weakness of Indian financial system? ›

However, some of the weaknesses or limitations of Indian Financial System are that are still to be addressed are: 1. Lack of coordination between different financial institutions 2. Monopolistic market structures 3. Dominance of development banks in industrial financing 4.

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How financial institutions work in India? ›

Financial institutions act as intermediaries between savers and borrowers. They collect funds from individuals and businesses as deposits and then lend them to borrowers who need capital for various purposes, such as starting a business or purchasing a home.

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What is the structure of banking financial institutions in India? ›

Most of the banks under the Banking System in India are Scheduled Banks. For example, Commercial Banks, Private, and Public Sector Banks. Only a few types of banks under the Banking System in India are Non-Scheduled Banks. For example, Local Area Banks (LABs), and some Urban Cooperative Banks (UCBs).

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Which is the No 1 bank in India? ›

Public sector banks in India

HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry.

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Which is India most old bank? ›

The largest and the oldest bank which is still in existence is the State Bank of India (SBI). It originated and started working as the Bank of Calcutta in mid-June 1806. In 1809, it was renamed as the Bank of Bengal.

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Which is the 1st financial capital of India? ›

The correct answer is Mumbai. Mumbai is the financial, commercial, and entertainment capital of India. After the independence of India in 1947, the city was included in the Bombay State.

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How many development financial institutions are there in India? ›

Industrial Finance Corporation of India (IFCI), Industrial Development Bank of India (IDBI), Industrial Credit and Investment Corporation of India (ICICI), Industrial Reconstruction Corporation of India (IRCI), SIDBI (SIDBI), NABARD (NABARD), NHB ( NHB, Exim Bank are important development financial institutions of ...

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How many Ifscs are there in India? ›

Currently, there is only one IFSC being developed in India, Gift City, in Gandhinagar, Gujarat.

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Which is the largest commercial bank in India? ›

SBI is the largest commercial bank of India. SBI stands for State Bank of India. It is a public sector bank.

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What are the industrial financial institutions in India? ›

These include:
  • SIDBI (Small Industries Development Bank of India)
  • EXIM (Export-Import Bank of India)
  • NABARD (National Bank for Agriculture & Rural Development)
  • NHB (National Housing Bank)
  • IFCI (Industrial Finance Corporation of India)
  • IDBI (Industrial Development Bank of India)
Jun 28, 2023

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